The International Monetary Fund (IMF) is an international organization based out of Washington, D.C., USA. Their job is to oversee the development of global economic systems. They can accomplish this by observing the fluctuation of exchange rates and providing financial and technical assisstance to those who need it.
The International Monetary Fund was started after World War II during a low in economic activity. It necessary for the leading allied countries to find a way to restore economic prosperity. It was then that the International Monetary Fund emerged, bringing with it the means to eliminate restrictions placed upon trades, goods and services, and to ensure stability with the exchange rates. The ag
Building of the IMF
reement to create this organization was originally signed by 29 countries on December 27, 1945.
Though originially signed by only 29 countries, the influence of the International Monetary Fund has grown immensly, and now directly deals with all 185 countries of the UN, excluding: North Korea, Cuba, Andorra, Monaco, Liechtenstein, Tuvalu and Nauru.
Criticism of the IMF
Their goals of the International Monetary Fund Include:
However, although the International Monetary Fund supports a stable global economy, there are criticisms that point out its faults. Often the IMF recommends currency devaluation to countrys with struggling economies. Some suggest that this can lead to a lack of supply which can hurt the economic prosperity of the country.
The International Monetary Fund was started after World War II during a low in economic activity. It necessary for the leading allied countries to find a way to restore economic prosperity. It was then that the International Monetary Fund emerged, bringing with it the means to eliminate restrictions placed upon trades, goods and services, and to ensure stability with the exchange rates. The ag
Though originially signed by only 29 countries, the influence of the International Monetary Fund has grown immensly, and now directly deals with all 185 countries of the UN, excluding: North Korea, Cuba, Andorra, Monaco, Liechtenstein, Tuvalu and Nauru.
Their goals of the International Monetary Fund Include:
However, although the International Monetary Fund supports a stable global economy, there are criticisms that point out its faults. Often the IMF recommends currency devaluation to countrys with struggling economies. Some suggest that this can lead to a lack of supply which can hurt the economic prosperity of the country.
Bibliography:
http://en.wikipedia.org/wiki/International_Monetary_Fund
http://concise.britannica.com/ebc/art-94602/International-Monetary-Fund-headquarters-Washington-DC
http://www.mendhurst.co.nz/central-banking-IMF-study-improving-CB-management.html
http://www.cartoonstock.com/directory/i/international_monetary_fund_gifts.asp